Silver Lake Group, L.L.C. 4

What Happened

• SLTA IV (GP), L.L.C., a reported 10% owner of Dell Technologies (DELL), sold 150,022 shares in multiple open-market transactions on March 20, 2026, generating total proceeds of approximately $25,047,218. Reported weighted-average prices for those sales ranged from about $166.00 to $169.90 (see footnotes for per-trade ranges).
• On March 23, 2026, the reporting persons recorded the exercise/conversion of 630,583 shares (aggregate of 242,147; 248,576; 134,554; 3,657; and 1,649 shares). The conversion/exercise entries show $0 proceeds for the dispositions reported in connection with those derivative transactions; footnotes state certain Class B shares were converted into Class C shares in connection with the sales.

Key Details

• Transaction dates: Sales on Mar 20, 2026; conversions/exercises on Mar 23, 2026. Form 4 filed Mar 24, 2026 (timely).
• Price info: Weighted-average sale prices reported; individual trade price ranges: $166.00–$166.9998, $167.00–$167.98, $168.05–$169.01, and $169.15–$169.90 (per footnotes F14–F17).
• Shares sold (open market): 150,022 shares for ~$25.05M.
• Shares exercised/converted: 630,583 shares (no cash proceeds reported for those derivative dispositions).
• Shares owned after transaction: Not specified in the provided extract; related holdings and indirect pecuniary interests are described in the filing footnotes (see F10–F13, F8).
• Notable footnotes: F1 (sales by related Silver Lake entities), F2 (conversion of Class B to Class C shares), F9 (Silver Lake Group/management relationships), plus F14–F17 (price-range disclosures). Reporting persons disclaim beneficial ownership except to extent of any pecuniary interest.
• Filing timeliness: Filed within required window (Form filed Mar 24 for Mar 20/23 transactions).

Context

• This filing reflects institutional-level selling and derivative conversions by Silver Lake–related entities (a 10% owner), not a straightforward executive buy or sale by an individual insider. Footnotes indicate many shares are held through affiliated entities and some holdings relate to or are attributed indirectly to individuals (see footnotes regarding Egon Durban and other affiliated vehicles). For derivative entries: the filing indicates conversion/exercise of holders’ Class B shares into Class C shares in connection with sales; the $0 entries reflect dispositions tied to those conversions per the filing.